Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Prices for coated-steel coil products in Turkey were mostly stable in the week to Friday December 28 amid continued limited demand.Last week's price cuts did not help improve buying, sources told Fastmarkets MB, because buyers usually postpone booking toward the end of the year to avoid building up inventories. Domestic prices One producer in northern Turkey was still offering 0.5mm hot-dippe...Read More
Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28."Buyers are not willing to book despite low stock levels," a source told Fastmarkets MB. "The first quarter of 2019 will also be slow for steel trading."Fastmarkets MB's weekly price assessment for Turkish domestic hot-rolled coil (HRC) was at $500-510 per tonne...Read More
China's hot-rolled coil (HRC) prices dipped on Friday December 28, although trading was moderate because downstream demand was stable, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($535-538) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, down 10 yuan per tonneThe dominant price range in Shanghai was 3,690-3,700 yuan per t...Read More
CloseGain/LossOn WeekGold $1280.00+$5.10+1.95%Silver$15.37+$0.14+5.13%XAU69.68-1.56%+1.47%HUI158.15-1.93%+1.07%GDM579.60-1.28%+1.55%JSE Gold1367.91+0.51+3.88%USD96.38-0.15-0.67%Euro114.47+0.09+0.74%Yen90.84+0.69+0.91%Oil$45.33+$0.72-0.57%10-Year2.719%-0.058-2.30%Bond145.78125+0.25+0.67%Dow23062.40-0.33%+2.75%Nasdaq6584.52+0.08%+3.97%S&P2485.74-0.12%+2.86% The Metals: Gold...Read More
By David Brady, CFALast week, I discussed the Bull and Bear cases for Gold. The stock market sell-off that began on October 3, the associated fall in bond yields, increasing expectations that the Fed would be forced to reverse policy, recent weakness in the dollar, and Gold rising in yuan terms have all contributed to Gold's rally since September 28th. The rise in XAU/CNY, in particular, has fin...Read More
By Gary TanashianIn January of 2018 we noted a cyclical leader (Semiconductor Fab Equipment) in trouble: Semi Canary Still Chirping, But He's Gonna Croak in 2018. We also ran a series of articles featuring the happy-go-lucky 3 Amigos (of the macro) in order to gauge a point when larger herds of investors would become aware of cyclical issues facing the global (including the US) economy. Each Ami...Read More
During the shutdown of the federal government, the Commitments of Traders report will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders report.Read More
By David HaggithPresident Trump wants to blame the Fed Jerome Powell in particular for the stock market's nasty action this fall. If things keep going this badly, you can be sure the Fed chief will want to blame Trump and his treasurer Munchkin for recent tweets that killed Santa Claus and for trade wars and wall wars. Who is right? Who is really killing the stock market?In this round of Tru...Read More
Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold investors. Different strate...Read More
HighlightsBob Hoye of Institutional Advisors, and the host discuss the worst US stock market plunge in over 100 years, the "Mnuchin Massacre."The Dow Jones Industrials plunged 1600 points last week, falling 650 further on Monday, recording the worst monthly decline its 122 year history. The equities decline could foment a nascent PMs bull market with the potential to launch gold shares into orbi...Read More
There is a disconnection between paper and physical gold prices and the former has to catch up with the latter eventually. Myth or fact? We invite you to read our today's article about demand for gold coins and bars and find out whether it will save the yellow metal. The best stories are about the conflict between good and evil, or light and dark. In the precious metals market, we also have...Read More
Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.Fastmarkets MB assessed the Indian secondary billet price at 31,200-31,400 rupees ($446-449) per tonne ex-mill on Thursday December 27 - an increase of 600 rupees per tonne compared with 30,600-30,800 rupees...Read More
Large investment into construction, power and transport in North Africa will support further steel demand growth in the region but not significantly, Fastmarkets heard at the 22nd Middle East Iron and Steel Conference in Dubai on December 10-12.In North Africa, there are major infrastructure projects - either under construction or still in the planning stages - with investment totaling close to $6...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
It's been reported that (just) the interest payments on the U.S. government's debt will be larger than Medicaid in less than 2 years, and larger than the military budget in 6 years. The math is finally catching up with the big government. Supply & Demand is finally catching up to The Federal Reserve. Change is coming, and believers in omnipotent government are in for a big surprise. Ron Paul discu...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Amid a rallying stock market, the Trump administration is pondering an executive action to ban US companies from using equipment made by Chinese corporations Huawei and ZTE by invoking the International Emergency Economic Powers Act. Such an action would require him to declare a "national emergency." Is it really that bad? Peter Schiff, CEO of Pacific Capital, joins Steve Malzberg to discuss. Pete...Read More
"Bulls & Bears" panel on how LinkedIn co-founder Reid Hoffman apologized for funding a group that spread disinformation during the 2017 Alabama Senate special election.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic...Read More
China's rebar prices were flat on Friday December 28 in both the domestic and the export market,even though futures saw slight gains. Domestic Eastern China (Shanghai): 3,760-3,800 yuan ($547-553) per tonne, unchangedNorthern China (Beijing): 3,630-3,670 yuan per tonne, unchangedTrading activity was slow ahead of the year end. Weaker futures also resulted in participants taking a wa...Read More
TOPICS IN THIS INTERVIEW:01:25 The stock market's ugliest Christmas decline, deeper crash incoming06:45 Can the economic corpse be kept alive any longer?09:15 Get your wealth out of the US markets12:45 Gold, cryptocurrencies providing a critical safe haven19:30 Cryptocurrency is the free market on steroids, is this the time to buy?28:35 Where to find the Dollar Vigilante and upcoming events for 20...Read More